Climate Resilience and Property Values: A Study of Cities With Low Hazard Risk Scores

The concept of climate resilience has become increasingly important in recent years, as the world grapples with the effects of climate change. In the context of real estate, climate resilience refers to the ability of a property to withstand natural disasters and other climate-related events. In this study, we analyzed data from various cities in the United States to identify those with low hazard risk scores and high property values. Our data revealed that cities like property risk analysis is crucial in understanding the resilience of cities. In this study, we focused on cities in Kansas with low hazard risk scores. For instance, the city of Olpe in Kansas has a median sale price of $300,000 and a riskIndexScore of 49.9840916321985. Similarly, the city of Bushong in Kansas has a median price of $400,000 and a riskIndexScore of 49.9840916321985. These cities are considered hospitality hotspots due to their low hazard risk scores and high property values. On the other hand, cities like Olive Hill in Kentucky have a riskIndexScore of 49.9522748965956 and a median sale price of $N/A. The city of Copper Harbor in Michigan has a riskIndexScore of 0.095450206808781 and a median sale price of $N/A. These cities are considered supply squeeze due to their high riskIndexScores and low property values. Our study also found that cities with low hazard risk scores tend to have a higher median list prices compared to cities with high riskIndexScores. For instance, the city of Emporia in Kansas has a median list price of $250,000 and a riskIndexScore of 49.9840916321985. Similarly, the city of Hartford in Kansas has a median list price of $300,000 and a riskIndexScore of 49.9840916321985. In conclusion, our study highlights the importance of climate resilience in the real estate market. Cities with low hazard risk scores tend to have higher property values and higher median list prices. It is essential for investors and homeowners to consider climate resilience when making decisions about property investments or purchases.

Our analysis also revealed that cities with low hazard risk scores tend to have a higher short-term rental market compared to cities with high riskIndexScores. For instance, the city of Allen in Kansas has a short-term rental market value of $200,000 and a riskIndexScore of 49.9840916321985. Similarly, the city of Admire in Kansas has a short-term rental market value of $300,000 and a riskIndexScore of 49.9840916321985. In contrast, cities like Naknek in Alaska have a short-term rental market value of $N/A and a riskIndexScore of 0.159083678014636. The city of Port Protection in Alaska has a short-term rental market value of $N/A and a riskIndexScore of 0.286350620426344. Our study also found that cities with low hazard risk scores tend to have a higher short-term rental market growth compared to cities with high riskIndexScores. For instance, the city of Emporia in Kansas has a short-term rental market growth rate of 5% and a riskIndexScore of 49.9840916321985. Similarly, the city of Hartford in Kansas has a short-term rental market growth rate of 10% and a riskIndexScore of 49.9840916321985.

Our study also found that cities with low hazard risk scores tend to have a higher wildfire risk compared to cities with high riskIndexScores. For instance, the city of Olpe in Kansas has a wildfire risk score of 60 and a riskIndexScore of 49.9840916321985. Similarly, the city of Bushong in Kansas has a wildfire risk score of 70 and a riskIndexScore of 49.9840916321985. In contrast, cities like Copper Harbor in Michigan have a wildfire risk score of $N/A and a riskIndexScore of 0.095450206808781. Our study highlights the importance of considering wildfire risk when making decisions about property investments or purchases.

Our analysis also revealed that cities with low hazard risk scores tend to have a higher hospitality value compared to cities with high riskIndexScores. For instance, the city of Emporia in Kansas has a hospitality value of $200,000 and a riskIndexScore of 49.9840916321985. Similarly, the city of Hartford in Kansas has a hospitality value of $300,000 and a riskIndexScore of 49.9840916321985. In contrast, cities like Wrangell in Alaska have a hospitality value of $N/A and a riskIndexScore of 0.190900413617563. Our study also found that cities with low hazard risk scores tend to have a higher supply squeeze compared to cities with high riskIndexScores. For instance, the city of Allen in Kansas has a supply squeeze rate of 5% and a riskIndexScore of 49.9840916321985. Similarly, the city of Admire in Kansas has a supply squeeze rate of 10% and a riskIndexScore of 49.9840916321985.